There are many low-interest used car finance deals available in July. If you're in the market for a used or certified pre-owned (CPO) vehicle, there are many low interest offers spread over a wide variety of brands and vehicle segments. No matter what type of used car you're looking for, the automakers have something to offer.
Most used car finance incentives are in the form of low interest rate financing on CPO vehicles; others may offer to make your first payment or include a prepaid maintenance program. Normally, you must choose only one offer. However, in the month of July, a couple automakers are offering to let you have both.
USNews has compiled a list of the best used car finance deals available in July. Keep in mind, used car pricing varies greatly depending on the vehicles condition, location, popularity and mileage. You should always do your research on a particular used car before contacting a dealership. Read my used car chapter for tips on buying a used car to learn how to buy a used car properly and avoid car dealer scams.
Both Buick and Chevrolet are offering 1.9 percent low interest financing. However, it's only available on the CPO Chevrolet Equinox, Malibu, Buick LaCrosse and Verano. Ford also has an attractive used car deal, they're offering 1.9 percent financing for 36 months on all CPO models.
If you're in the market for a luxury vehicle but don't want to pay the full sticker price, you may want to consider a certified pre-owned. Many automakers such as Land Rover, BMW and Jaguar are offering rates as low as 0.9 percent. Lincoln is providing 1.9 percent low interest financing for 48 months PLUS complimentary maintenance. Mercedes-Benz is offering 2.99 percent financing for 72 months PLUS one payment credit on some models. Infiniti (Nissan's luxury car line) is offering 0.99 percent on all of its 2011 to 2015 CPO model vehicles up to 36 months. Nissan has an either-or offer for the month of July. You can get 0.9 percent financing for up to three years OR $500 cash (only some CPO models qualify for the $500 cash).
Make sure to check out all the available used car finance deals below before heading to the dealership.
|Brand||Used Car Models||Finance Deal||Expires|
|Used Audi Deals||All 2012 - 2013 CPO Models||1.9% Financing for up to 72 Months||08/04/2015|
|Used BMW Deals||All 2011 - 2013 CPO Models||0.9% Financing||08/31/2015|
|Used Buick Deals||CPO LaCrosse and Verano||1.9% Financing||08/31/2015|
|Used Chevrolet Deals||CPO Equinox and Malibu||1.9% Financing||08/31/2015|
|Used Ford Deals||All CPO Models||1.9% Financing for 36 Months||09/30/2015|
|Used Infiniti Deals||All 2011 - 2015 CPO Models||0.99% financing for 36 Months||08/03/2015|
|Used Jaguar Deals||2011 - 2015 CPO XF, XJ and XK and 2014 CPO F-Type||0.9% to 2.9% Financing for 24 to 72 Months||07/31/2015|
|Used Land Rover Deals||2011 - 2014 CPO LR2, LR4, Range Rover Sport and Range Rover, 2012 - 2014 CPO Range Rover Evoque||0.9% to 2.9% Financing for 24 to 60 Months||07/31/2015|
|Used Lincoln Deals||All CPO Models||1.9% Financing for 48 Months PLUS Complimentary Maintenance||08/31/2015|
|Used Mercedes-Benz Deals||2012 - 2014 CPO C-Class, E-Class, S-Class, GLK-Class, M-Class and GL-Class; Payment Credit on CPO C-Class, E-Class and GLK-Class||2.99% Financing for 72 Months PLUS One Payment Credit on some Models||07/31/2015|
|Used Mini Deals||2012 - 2013 CPO Models||0.9% on 2012 CPO Models PLUS $300 Retail Credit | 1.9% on 2013 CPO Models||07/31/2015|
|Used Nissan Deals||All CPO Models | $500 Cash on Rogue, Maxima, Altima, Sentra, Leaf and Titan||0.9% Financing for 36 months OR $500 Cash||08/03/2015|
|Used Subaru Deals||All 2010 - 2015 CPO Models||0.99% Financing||08/03/2015|
|Used Toyota Deals||Many CPO Models||2.9% Financing for 60 Months||08/03/2015|
|Used Volkswagen Deals||2014 - 2015 Jetta Passat and all Other CPO Models||0.9% for 60 Months on 2014 - 2015 Jetta and Passat | 1.99% for 60 Months on all other CPO Jetta and Passat Models | 2.49% for 60 Months on all other CPO Models||07/31/2015|
Keep in mind, when buying a used car you must do two things, the first thing is to check the used car's title history using a service such as AutoCheck. This protects you by making sure the vehicle has not been in a severe accident or has a branded title. If the title shows to be clean, the second thing is always have the vehicle inspected by an independent certified mechanic before signing on the dotted line. This may cost you a little extra money upfront, but will greatly reduce the chances of you buying someone else's problems and costing you a lot more money in the future.
When negotiating a used car's price, it’s important to have a good estimate of what the dealer's cost is for the vehicle and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what's a good price to pay for the vehicle. I highly recommend using an online referral service such as CarClearanceDeals or Cars.com to do your used car research. The above sites will also tell you which dealerships in your local area are currently the most flexible with their used car pricing.
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